Trump, tariff
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Since the April 2 rollout, the US Treasury has collected $64 billion in customs duties, or roughly $70 million a day through June 30.
With stakeholders already keenly aware of the need to rapidly scale up housing supply and improve Canada’s housing affordability gap, blanket tariffs and more targeted material-specific levies meant additional unwelcome obstacles to overcome.
White House press secretary Karoline Leavitt said Canada has been "pretty difficult to deal with" with respect to negotiating a trade deal with the Trump administration.
President Donald Trump’s vows to roll out punishing new tariffs on Aug. 1 have barely made a ripple with investors who are convinced he’ll once again back down. But at the White House, officials insist they’re serious this time.
— Get in line: In Scotland on Sunday, Trump struck a trade deal with the European Union, locking in a 15 percent tariff. It follows his deal with Japan last week, though there are questions about that one. → Trump’s Canada take: “We haven’t really had a lot of luck with Canada,” the president told reporters outside the White House on Friday.
Trump has sent letters to leaders of dozens of countries outlining the tariff levels set to begin on Aug. 1. In recent months, Trump has rolled back some of his steepest tariffs, meaning delays could be possible in the case of the Aug. 1 deadline. The Trump administration appears to have stood largely behind the deadline in recent days, however.
A slew of countries will face steep levies, including a 50% tariff on imports from Brazil and a 30% tariff on the European Union.
The Canadian prime minister said he was still negotiating in advance of a 1 August trade deadline set by Donald Trump.
EDINBURGH, Scotland (AP) — The United States and the European Union reached a tariff deal Sunday after a brief meeting between President Donald Trump and European Commission chief Ursula von der Leyen. A White House deadline was days away for imposing punishing import taxes on the 27-member EU, which is America’s leading global trading partner.